Chubu Electric Power Co.,Inc. | On the Establishment of Split Preparation Company for the Upcoming Division of the Company - Press Releases(2019)
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Press Release 2019

On the Establishment of Split Preparation Company for the Upcoming Division of the Company

April 1, 2019

Chubu Electric Power Co.,Inc.

Today, Chubu Electric Power established two new companies, the Chubu Electric Power Transmission and Distribution Business Split Preparation Company and the Chubu Electric Power Retail Electricity Business Split Preparation Company.

The split preparation companies were established to prepare for the smooth spin off of the general transmission and distribution business and the electricity retail business on April 1, 2020. (Announced on November 27, 2018

Overview of the Split Preparation Companies

Firm name

Chubu Electric Power Transmission and Distribution Business Split Preparation Company

Chubu Electric Power Retail Electricity Business Split Preparation Company

Headquarters

1 Toshincho, Higashi-ku, Nagoya-shi, Aichi Prefecture

1 Toshincho, Higashi-ku, Nagoya-shi, Aichi Prefecture

 Representative

Representative Director & President
Yaoji Ichikawa

Representative Director & President
Kingo Hayashi

Business 

General transmission and distribution business

Electricity retail business

Starting capital 

5 million yen

5 million yen

Date of establishment

April 1, 2019

April 1, 2019

 Fiscal year end

March 31

March 31

Majority shareholder and shareholding ratio 

Chubu Electric Power Co., Inc.
100%

Chubu Electric Power Co., Inc.
100%

(Reference)Projected Schedule

April 2019

Conclusion of the absorption-type split agreement

June 2019

Gain approval of the absorption-type split agreement in the General Shareholders Meeting
(general transmission and distribution business)

April 1, 2020

Effective date of the absorption-type split agreement